September 11th, 2013
CEO pay: Key factor fostering inequality in organizations
Inequality, unfairness, has many causes. In the animal kingdom, hiearchy generates stress for dominated, lower-ranking subordinates. Distress certainly results from poorly executed human systems, specifically hierarchical workplaces gone awry. Consider the connotations of being branded a “subordinate.” Dignity and respect are withheld simply because of being on the “bottom” of a graphic. People become top and bottom when they internalize the chart. “Higher ups” have power to control conditions for the “lower-ranking.”
Rankism, the granting of superiority to individuals in roles higher up the org chart than us, is a social disease. Though many driven by narcissism claim superiority for no objective reason. [Read the fine work of Dr. Robert Fuller to understand Rankism.] A recent study described in the video blows holes in the proffered rationale that CEO “deserve” compensation that averages 354 times the salaries of workers.
Read the report cited in the video: Executive Excess 2013: Bailed Out, Booted & Busted. A 20-year review of America’s top-paid CEOs by the Institute for Policy Studies, August 28, 2013.
This entry was posted on Wednesday, September 11th, 2013 at 11:07 am and is filed under Employers Gone Wild: Doing Bad Things, Fairness & Social Justice Denied. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.